We are pleased to announce that we have invested in ScanTech AI Systems Inc. (“ScanTech AI” or the “Company”) (Nasdaq: STAI), a developer of advanced AI-powered security screening and imaging systems. ScanTech AI today announced it has entered into a Purchase Agreement establishing an equity line of credit (“Synthetic ATM”) of up to USD 50 million with ARC Group International Ltd. (“ARC”), a global financial services firm.
The Synthetic ATM, following registration with the U.S. Securities and Exchange Commission (SEC) of the shares to be issued under the facility, is expected to provide ScanTech AI with flexible, long-term growth capital to fund research and development, commercialization of its SENTINEL™ AI threat detection platform, and continued progress toward regaining Nasdaq compliance.
We have also committed to an initial USD 500,000 PIPE equity investment, signaling our immediate confidence in the Company’s technology and long-term strategy.
The financing structure provides ScanTech AI with both immediate capital and the flexibility to access additional funding as needed to support its global expansion and product deployment roadmap. It positions the Company to accelerate the rollout of its AI-driven security platforms, strengthen its capital position, and advance toward its 2026 regulatory and commercialization milestones.
ScanTech AI Systems Inc. (Nasdaq: STAI) has developed one of the world’s most advanced non-intrusive ‘fixed-gantry’ CT screening technologies. Utilizing proprietary artificial intelligence and machine learning capabilities, ScanTech AI’s state-of-the-art scanners accurately and quickly detect hazardous materials and contraband. Engineered to automatically locate, discriminate, and identify threat materials and items of interest, ScanTech AI’s solutions are designed for use in airports, seaports, borders, embassies, corporate headquarters, government and commercial buildings, factories, processing plants, and other facilities where security is a priority.
ARC Group is a globally based investment bank, asset management firm and management consultancy firm, specializing in bridging Asia and the West. Our services encompass a full spectrum of financial solutions, including IPOs, M&A, financing, venture capital, and SPACs. ARC Group also includes an independent consulting division dedicated to addressing the unique challenges faced by companies operating across both Asian and Western markets. Headquartered in Hong Kong, with offices across Mainland China, the USA, Malaysia, Indonesia, Vietnam, India, Sweden, and the UAE, we are well-positioned to provide cross-border financial and advisory services.
Our commitment to anticipating market trends and delivering client-centered solutions has earned ARC Group the Frost & Sullivan 2024 Company of the Year Award in the Asian mid-market investment advisory sector.
Anna Sahlberg Carlsson
Marketing Manager
[email protected]
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